real estate market

OTTAWA – The Bank of Canada is keeping its key interest rate target on hold at 0.25 per cent, but warning it won't stay there for much longer.The trendsetting rate has been at its rock-bottom level since March 2020 during the first…

CALGARY — The Calgary Real Estate Board says it expects the city's housing market activity to moderate this year after record sales were experienced in 2021, but tight conditions will linger.The Alberta board is forecasting the city…

The average rent for all Canadian properties in December was $1,789 per month, up 3.8 per cent annually, according to the Rentals.ca and Bullpen Research & Consulting latest National Rent Report.This is the fourth consecutive month…

Ontario Premier Doug Ford met Sunday with leaders of rural, remote and northern communities to discuss their housing challenges as issues of rapid price growth and lack of supply are felt far beyond urban borders.The talks came…

TORONTO — Ontario's largest communities will get new funding to help speed up development approvals, Premier Doug Ford announced as he hosted a housing summit Wednesday, but the municipal leaders he met with say much stronger action is…

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in December fell 22 per cent when compared with November.The national housing agency says the seasonally adjusted annual rate of housing starts was…

CALGARY — The Calgary Real Estate Board says December sales climbed by nearly 45 per cent year-over-year as 2021 ended with a record number of homes changing hands.The Albertan board says Calgary saw 1,737 homes sold last month, up from…

OTTAWA – The federal banking regulator is keeping the interest rate used in a key stress test for uninsured mortgages on hold.The Office of the Superintendent of Financial Institutions said Friday the minimum qualifying rate for…

Justin Trudeau has handed his housing minister a series of tasks – including some targeting foreign buyers – in an attempt to make home ownership a reality for more Canadians.In a mandate letter sent to Ahmed Hussen on Thursday, the…

The Canadian Real Estate Association says housing sales will moderate next year, but prices aren't expected to ease any time soon.The association said in its 2022 forecast released on Wednesday that it expects tightening supply…